Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table presents a quarterly summary of selected financial information for HUSI:

	2020								2019
	Fourth		Third		Second		First		Fourth		Third		Second		First
	(in millions)
Net interest income	$	584	$	548	$	538	$	504	$	507	$	503	$	540	$	562
Provision for credit losses	(30)		(105)		219		726		(3)		94		46		58
Net interest income (expense) after provision for credit losses	614		653		319		(222)		510		409		494		504
Other revenues	328		356		464		387		542		486		436		390
Operating expenses	764		785		727		1,605		871		1,106		774		750
Income (loss) before income tax	178		224		56		(1,440)		181		(211)		156		144
Income tax expense (benefit)	30		36		49		(157)		48		39		35		35
Net income (loss)	$	148	$	188	$	7	$	(1,283)	$	133	$	(250)	$	121	$	109